From 2001, Delphi's business in China has increased from the initial 900 million U.S. dollars to 1.92 billion U.S. dollars in 2006. Moreover, the market is still increasing at the rate of 20% annually. Delphi transferred its Asia-Pacific aftermarket headquarters from India to Shanghai, China.
Delphi is not the only case, Visteon, BOSCH, Continental Group, the top auto parts giants have dived into China: establishing R & D centers and setting up factories in China, but the huge profits of China auto market means more, the production bases are being built in China for the function of its world export base.
The latest data released by the U.S. Department of Commerce, Last year, total imports from China reached 53.55 billion Yuan (6.9 billion U.S. dollars), an increase of 28.1%. the web site of Chinese Ministry of Commerce indicates that China will strive for auto parts exports from 11 billion U.S. dollars to 120 billion U.S. dollars within 10 years, that is 10% of global market share.
